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Economy

SEC, AfDB to Train Capital Market Operators on Green Finance

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green finance

By Aduragbemi Omiyale

A one-day capacity-building workshop designed to upskill the knowledge of capital market operators on green finance has been fixed for Tuesday, July 23, 2024, in Lagos.

The event is organised by the Securities and Exchange Commission (SEC) Nigeria in collaboration with the African Development Bank (AfDB), with funding provided by the Capital Markets Development Trust Fund (CMDTF) of AfDB.

The idea behind the training is to fortify Nigeria’s position as Africa’s leading hub for green and sustainable finance, and part of SEC’s broader strategy to integrate green finance into our capital markets and attract more sustainable investments.

Over the past decade, the Nigerian capital market has experienced substantial growth, marked by increased activities in both equity and bond markets. In alignment with global sustainability mandates, the SEC launched rules for green bond issuance in December 2018, creating a conducive environment for green finance.

“The SEC is committed to fostering a sustainable financial ecosystem in Nigeria. This workshop is part of our broader strategy to integrate green finance into our capital markets and attract more sustainable investments.

“By enhancing the capabilities of our market operators, we are not only promoting environmental stewardship but also driving long-term economic growth,” the Director General of SEC, Mr Emomotimi Agama, stated.

On his part, the co-founder and Executive Director at Climate Transition Limited, Mr Olumide Lala, noted that the transition to a green economy was essential for Nigeria’s sustainable development, describing green finance as a critical component of this transition.

He said that this workshop would provide market operators with the tools they need to drive this change and contribute to a more resilient and sustainable economy.

“The primary objective of the workshop is to enhance the knowledge and understanding of capital market operators regarding green finance.

“By developing the necessary skills and competencies, it will promote collaboration and networking among stakeholders; support regulatory compliance with SEC’s rules; attract more sustainable investments and Integrate Environmental, Social, and Governance (ESG) factors into investment strategies.

“Other objectives of the workshop are to enhance the reputation and credibility of capital market operators and facilitate funding for innovative, environmentally friendly projects driving sustainable economic growth,” Mr Lala disclosed.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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